Trade Ideas: AIB, LULU, MPEL, PFE

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has made an awesome move today. The stock hit new highs of $8.56, which is resistance for the follow through move on Tuesday. If MPEL can break through highs, we should see another high volume move as the stock moves higher. Keep it on your radar.

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Lululemon Athletica inc. (NASDAQ:LULU) had another strong move today, as the stock set new 52-week highs. The stock hit a high of $91, which is resistance for the follow through move. You should watch this stock closely on Tuesday.

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Looking at the technical chart of Pfizer Inc. (NYSE:PFE) we have here a strong uptrend channel with the major resistance level located near $20.85. We have an important support as well at the level $19.75. They are currently testing the upper boundary of that channel. I believe the stock needs to digest recent gains and perhaps pull back a bit here. Investors with medium-term perspective can hold the stock as long it remains above the trendline.

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Allied Irish Banks, plc. (ADR) (NYSE:AIB) was another winner for my Twitter readers. I alerted to AIB just after the market open about an unusual high volume. This stock surged almost 40% today closing right at session highs and looks poised to post more gains tomorrow. Its technical chart show some bullish signals as KD is now going up and the stock breaks above the 50-day moving average. With this daily chart bull signal its very possible that we could see a continuation into tomorrow. But I urge you not to buy a significant portion of your trading capital, because this stock is very volatile, so be careful with the position size.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.
About Antonio Costa 324 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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